According to Bloomberg, Soros had invested in cryptocurrencies indirect in 2017. He acquired Overstock.com shares in the fourth quarter of 17 and became the third largest shareholder of the discount e-commerce company. In January of this year, George Soros said that cryptocurrency was a bubble; in April, it planned to directly trade digital currency assets. In August 2017, Overstock.com became the first major retailer to accept digital currency. The company also plans to start digital currency exchange services and provide digital currency that can be traded on the platform. In March, Overstock.com revealed that the Securities and Exchange Commission is investigating its proposed ICO. After the disclosure, the stock price dropped by about 40%.